Nepali Political Parties Prioritize Hydropower and Energy Sector in Election Manifestos
Summary
Major Nepali political parties have prioritized the energy and hydropower sector in their election manifestos, aiming for substantial increases in electricity generation and consumption within the next five years as a key engine for economic growth.
Key Points
- Major political parties in Nepal have prioritized the energy and hydropower sector as essential for economic development in their election manifestos.
- All major parties target increasing installed electricity capacity to between 12,000 MW and 15,000 MW within 5 to 15 years.
- Consensus among parties to break Nepal Electricity Authority's monopoly in electricity trade and involve the private sector through Power Purchase Agreements.
- Parties emphasize domestic electricity consumption, promoting electric vehicles, and reducing trade deficits while supporting reservoir projects and cross-border transmission lines.
